roulettetableonline| Xuhui Group: On May 29, principal and interest payments were under pressure. Contract sales from January to April fell 52% year-on-year

News summary

Xuhui Group disclosed on May 22roulettetableonline, faced with a 52% year-on-year decline in contract sales and tight fundsroulettetableonlineThe principal and interest of the "PR Xuhui 01" bonds that need to be repaid on May 29 have not yet been raised, and the company plans to raise funds within the grace period.

Newsletter text

[Xuhui Group faces financial pressure for the postponement of principal and interest redemption of bonds] Xuhui Group Co., Ltd. pointed out in the information disclosed on May 22 that in the face of the principal and interest redemption of bond "PR Xuhui 01", the company is scheduled to make repayment on May 29. However, due to the company's contract sales performance falling by 52% year-on-year from January to April this year, the company's current funding situation appears to be relatively tight. At the same time, the company will also enjoy a grace period of 2 natural months to relieve financial pressure. The company said that it has not raised enough funds to meet the principal and interest repayment requirements of "PR Xuhui 01". Based on current market conditions and the company's funding situation, CIFI Group will continue to carry out fund raising work during the grace period to ensure timely repayment of debts. This move will alleviate investors 'concerns about the company's solvency to a certain extent. Although the market is still in a period of deep adjustment, CIFI Group's statement reflects that the company is actively facing debt pressure and protecting the interests of investors through necessary financing activities. The principal and interest redemption of corporate bonds will be further closely watched by market participants.